Platinum - 550
Gold - 250
Delta Gold - 95
Hilton Honors - 0
Hilton Surpass - 95
Blue Cash Everyday - 95
Blue Business Plus - 0
total AF = $1085. (Some of them don’t charge for the first year, which is good)
based on the note above about not canceling for at least 1 year , I would cancel each one as they hit 13 months, keeping the Hilton Honors and Blue Business only
I don't use my BBP as I don't want to risk Amex seeing personal spend on the card and shutting down my other accounts as the Hilton card is my main card.
Discover - 4 months 2k 28%
Guitar - 17 months 3.8k 14%
Gold - 4 months
HH - 4 months 1k 0%
Surpass - 1 month 5k 0%
Citi DC - 1 month 3.5k 0%
Citi Rewards + - 1 month 2.2k 45%
Chase - 7 months 2k 0%
Delta - 2 months 2k 0%
BCE - 9 months 1k 0%
BBP - 5 months 2k 50%
Capital One - 2 months 5k 0%
Platinum - < 1 month
Apple - < 1 month 5k 0%
I spend mostly on food and travel. That's why I was thinking the Hilton Aspire as most of my Amex points go to Hilton and the gold card is only earning 8x Hilton points while the HA earns 7x anyway. With the HA I could cancel both my Gold and Platinum as it would cover both of those categories for a lower AF. I keep fighting with myself on CB vs points and I feel like points is the better value but I'm also not sure my income is high enough to make up the AF on points cards.
Wow! These accounts are so new. IMHO, I suggest not closing any. Yes, they will stay on your CR for 10 years after closing but then you will be only 30 when they drop off. I closed my Cap1 when it turned 8 years in 2010, and it is still on my CR with a 17.2 yr age, which will drop off any day now. I wish I had never closed it and just SD it because when it does drop off, it will affect my scores a little because my next oldest card is 11 years.
Also, think of how these cards aging together will make your credit profile look. Just my 2 cents.
I get your point, but that Cap1 AF was likely only $59. So that price over the last 10years May or not have been worth it for age
but credit age should NoT cost you $800-$1085 / year. No way that is worth it.
He will be getting new cards at age 23-26 that will make up for the loss. and he will have the money in his pocket
2 weeks pay, after tax, for the privilege of carrying a Plat and Gold, and they won’t help lower his Util. I just can’t say that is good financial planning.